Sterling had a mixed day yesterday, strengthening against the Australian and New Zealand dollar; but, experiencing a volatile day against the majority of other currencies. Inflation data released yesterday showed a slight decrease last month to the lowest level in a year; but, missed market expectations. Today’s focus will be firmly on the borrowing figures for the public sector, the minutes from the last Bank of England meeting and the annual budget which takes place this afternoon. Any unexpected details revealed could cause a lot of volatility today so call in for the latest news and a live quote.

The euro had a mixed day yesterday as fears of an economic slowdown in China spread across the world creating a risk adverse market. There is very little data out of Europe today as the markets look towards the UK and the US for influence. Call in now for the latest update and the latest news.

The US dollar had a fairly strong day as risk aversion was driving the market once more. Mixed housing data released in the US was received positively; but, did little to increase risk appetite. Existing home sales figures will be released today and the Chairman of the Federal Bank is also talking so call in now for the latest news and a live quote.

The Australian dollar had a poor day yesterday despite the Reserve Bank of Australia’s minutes revealing a more optimistic outlook on the economy. The IMF told the Swiss National Bank that once the “economic conditions stabilise” it must remove the €1.20/Chf1 peg that it currently enforces. News from China of higher energy costs, poor predicted vehicle sales and a decreased demand for iron ore sparked fears that the world's second largest economy could be slowing down faster than economists had predicted. Call in now for the latest update and the latest news.

Get a live quote and/or more information from Smart Currency at: http://www.smartinternationaltrade.co.uk/